Titan Share Price Tata Group Shining Star Stock; Tata’s Superhit Share Diwali Diwali for Investors…Favorite Stock of Jhunjhunwala too
Last year’s performance
In the financial year 2022, the company recorded a revenue of 29 thousand 033 crores and currently the market cap of Titan is 215,208 lakh crores. On January 18, 2023, the company’s share was trading at Rs 2,424.40. Meanwhile, the company is ramping up its business once again with Titan claiming to have opened a total of 111 new retail stores in the quarter ended December 2022 last year.
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While 36 new stores of Titan I+ were opened during October-December period, Titan’s net profit for the quarter of FY22 was Rs 857 crore, which is an increase of 33 percent. Announcing the results on behalf of Titan, the company reported a 14 percent growth in the watches and wearables segment. Apart from this, the sales of eyecare business also increased by 10 percent during the year.
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Beginning of the company
Talking about the beginning of Titan, Titan Watches started on July 26, 1984. The company was formed by Tata Group and Tamil Nadu Industrial Development Corporation together. Two years after the establishment of the company, Titan Watches started manufacturing watches from 1986 and a year later in 1987, Titan Watches dominated the entire market. So even today that series continues.
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Bigbull’s favorite share
While Titan employs 7,000 people on the one hand, the stock has also benefited its investors since its listing on the stock market. It would not be wrong to say that Titan’s share has been Diwali for investors. Titan shares were a staple in the late investor Rakesh Jhunjhunwala’s portfolio. According to some media reports, Jhunjhunwala bought shares of Titan at just Rs 3 in 2002-03 and later the share price rocketed making Vadhya and ‘Bigbull’ millionaires too. Titan shares have been a treasure trove for investors in the long run.
